- Approves ₹5,228 crore asset transfer to renewable arm
- The company reports a total income of ₹4,115.85 crore as against ₹3,642.65 crorer in the corresponding period of the previous year, registering a growth of 12.99%.
NE BUSINESS BUREAU
CHENNAI, AUG 8
NLC India Ltd on Thursday reported a 48.09% year-on-year (YoY) jump in profit after tax (PAT) at ₹839.21 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, NLC India posted ₹566.69 crore.
The company’s revenue from operations increased 13.25% to ₹3,825.61 crore as against ₹3,378.17 crore in the corresponding period of the preceding fiscal.
NUPPL has generated ₹642.29 crore revenue from operations for the part of Quarter ended June 2025.
The company reported a total income of ₹4,115.85 crore as against ₹3,642.65 crorer in the corresponding period of the previous year, registering a growth of 12.99%.
At the operating level, EBITDA dipped 13.6% to ₹935 crore in the first quarter of this fiscal over ₹1,082 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 24.4% in the reporting quarter as compared to 32% in the corresponding period in the previous fiscal.
The company’s capex achievement for Q1 2025-26 is ₹1,925.62 Cr which is 113% against the Target of ₹1,708.88 Crore up to June 2025.
The Cabinet Committee on Economic Affairs (CCEA) in its meeting dated 16.07.2025 provided the approval for making investment to the tune of ₹7,000 Crore in NIRL beyond the investment limits prescribed under the Navratna guidelines issued by DPE.
Alongside the quarterly results, the company has received in principle approval to execute a business transfer agreement for transferring its operational renewable energy assets to its wholly owned subsidiary, NLC India Renewables (NIRL).
The transfer involves renewable assets valued at ₹5,228 crore, subject to adjustments based on the asset valuation on the actual date of transfer. NIRL was specifically formed to develop and operate the companys renewable energy portfolio.
This restructuring is part of NLC Indias broader Asset Monetization Scheme, which has been approved by the Ministry of Coal, the companys administrative ministry. The move aims to streamline operations by consolidating renewable energy assets under a focused entity. The proposed transfer will be executed through a combination of cash consideration, equity share allotment, or loan/interest transfer in favor of NIRL.
